Nixxy, Inc. has acquired the EDGE data center assets of Everythink Innovations Limited, a telecom and edge infrastructure provider, to accelerate its AI data infrastructure rollout and market expansion.
The transaction, valued at $3.65 million in cash and stock, includes the acquisition of EIL's infrastructure and telecom assets, contributing to Nixxy's revenue base.
The acquisition positions Nixxy with operational assets in key North American data center hubs and sets the blueprint for future edge data center expansion.
AI-Ready Infrastructure
Immediate access to edge-optimized Tier 3 infrastructure in Vancouver and Fremont, enabling high-performance compute and data-based systems.
Accelerated Market Entry
Enables immediate deployment of AI-enhanced services, including DeFi integrations, and enhances market reach.
Cross-Border Platform
Dual presence in Canada and the U.S. enables low-latency service delivery, robust disaster recovery, and North American market reach.
- The strategic acquisition adds more than $48 million in contracted annual recurring revenue to Nixxy's financials, boosting its revenue outlook significantly.
- Mike Schmidt, CEO of Nixxy, views the asset purchase as a transformative step that accelerates the company's AI infrastructure rollout and sets the stage for global expansion.
Nixxy's acquisition of EDGE data center assets marks a strategic move to enhance its infrastructure capabilities and market presence. The company's roadmap for expansion and innovation is poised for growth and competitive positioning in the AI business services sector.